Cash Converters Expands Australian Store Network with Franchise Acquisitions

The latest announcement is out from Cash Converters International Limited ( (AU:CCV) ).

Cash Converters International Limited has announced the acquisition of 14 franchise stores in Australia, expanding its corporate store network. The acquisitions, which include stores in New South Wales, Queensland, and Victoria, were completed for a total consideration of approximately $15.89 million and are expected to be immediately earnings accretive. This expansion complements the company’s existing network and aligns with its strategy to grow its customer reach and store segment earnings while enhancing its consumer loan portfolio. The move strengthens Cash Converters’ market presence in Australia’s most populated areas and continues its growth trajectory since 2021, with a total of 96 franchise stores acquired across Australia, the UK, and New Zealand.

More about Cash Converters International Limited

Cash Converters International Limited is a leading consumer lender and second-hand goods retailer operating globally, with key markets in Australia, New Zealand, and the United Kingdom. The company acts as a Master Franchisor and is focused on acquiring franchise stores. It is transforming its loan book to emphasize longer-term, lower-cost lending solutions and expanding its retail presence in repurposed luxury goods. Cash Converters is committed to sustainability, supporting borrowers as a non-bank lender and facilitating the circular economy.

YTD Price Performance: 40.43%

Average Trading Volume: 845,997

Technical Sentiment Signal: Buy

Current Market Cap: A$207.1M

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